What Is Business Intelligence?
The concept of Business Intelligence includes the tools and workflows, protocols that aggregate information from data sources and convert it into actionable knowledge that enables key stakeholders to make more knowledgeable business determinations.
At Wave, our proficiency encompasses a complete understanding of your business standards as well as the software that efficiently delivers intelligent information. We how to ask the right questions and can identify the right information to resolve questions.
Understanding knowledge discovery and being able to distill the answers can accelerate the decision-making task, optimize business actions, and increase workflow expediency. With this insight, businesses can identify new revenue streams.
Is Microsoft Excel A Business Intelligence Solution?
Excel spreadsheets have been the trusted source for analyzing and reporting on Business Intelligence. Microsoft’s Power BI enhances Excel by providing a consolidated enterprise approach is capable of handling larger data origins and provides more options for visualization that give answers faster.
Now, many files can be aggregated into a single data set which eliminates the need for duplication and an excessive amount of upkeep.
These contemporary solutions were created with the user experience in mind in addition to giving Business Intelligence and analytics aspects. Power BI is just one of many newer tools that may be a logical next step for organizations in the Tulsa area already using Microsoft software.
Do I Need A Business Intelligence Solution?
You might not. Solutions range in size from a single user to a robust enterprise program. Here are some paths to answer that question.
As the Gartner diagram shows, a Business Intelligence application can include data warehouses, ETL processes, and elements that help to aggregate, analyze, and provide knowledge that drives smart company directions.
